Jim Cramer’s Latest Lightning Rounds: 15 Stocks to Watch

11. New Fortress Energy Inc. (NASDAQ:NFE)

Number of Hedge Fund Holders: 20

New Fortress Energy Inc. (NASDAQ:NFE) runs as an integrated gas-to-power energy infrastructure company, providing energy and development services on a global scale. The company engages in various activities, including natural gas procurement, liquefaction, shipping, logistics, and the establishment of natural gas-fired power generation. It also supplies floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers for lease to customers, facilitating efficient energy distribution. Cramer expressed shock at how low the company’s stock was, mentioned the CEO, and said:

“… This Wes Edens, he is so good. It’s down like three quarters, like down like 75%. I think that you have to stick with it. I’ve been wrong. I’ve been wrong in New Fortress because I believe in Wes so closely. I’d love Wes to come back on the show.”

Recently, New Fortress Energy Inc. (NASDAQ:NFE) faced challenges that disappointed investors during its second-quarter earnings release. The company missed its guidance significantly due to delays in bringing a new floating LNG facility into service. Although this facility was reportedly operational as of July 19, the preceding delays raised concerns regarding impending debt maturities.

At the close of the last quarter, it reported over $7.6 billion in debt against only $133 million in cash. Management has projected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.3 billion for 2025, which shows cautious expectations for future performance.